Homeowners Insurance in Virginia

Homeowners insurance doesn’t need to be complicated. Compare rates from Virginia by city and insurance company below.

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How to get cheap homeowners insurance in Virginia


Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. Home insurance protects your house and property against a variety of circumstances, such as fire, theft, vandalism, or wind damage.

Unlike car insurance policies, homeowners policies aren’t governed by state legislation. Even so, there are major differences in homeowners insurance rates from state to state. Policy rates in US states may differ depending on the number and value of homeowners claims filed across the state, and depend on the value of the belongings and home insured on the policy.

The easiest way to find a cheap home insurance policy in Virginia is to shop around and compare rates from as many insurance companies as possible. Get an idea of how much home insurance costs in Virginia by referencing the below data. Remember: your rates may differ, depending on your coverage limits.


Homeowners insurance in Virginia:
  1. By insurance company
  2. By city
  3. Rates by coverage level
  4. Rates by deductible amount
  5. Bundling home and auto insurance
  6. FAQs

Homeowners insurance rates in Virginia by insurance company

Rates for home insurance in Virginia will vary based on the insurance company you use. Virginia Farm Bureau provides the cheapest home insurance in Virginia — only $777 per year. This compares favorably to Virginia's average rate of $792, providing a $15 discount on average statewide homeowners insurance costs.

Begin the hunt for a homeowners insurance policy by reviewing the best Virginia insurance companies, listed below.


HOMEOWNERS INSURANCE RATES IN VIRGINIA: BY CARRIER
InsurerAverage Annual Rate in Virginia
Virginia Farm Bureau$777
Travco$851
Safeco$993
Nationwide$1,025
Erie$1,041

Virginia home insurance by city

Home insurance rates in Virginia vary by city. Prices depend on locally specific variables such as the number of claims filed in the immediate area, meaning your specific ZIP code impact how much you pay.

The cheapest home insurance in Virginia is found in Dulles. An average home insurance policy in Dulles costs just $639 annually — $153 less than the state average. Reference the below table to see the cheapest cities in Virginia for home insurance.


AFFORDABLE HOME INSURANCE CITIES IN VIRGINIA
CityAverage Annual Home Insurance Rate
Dulles$639
Merrifield$645
Arlington$655
Lansdowne$658
Fairfax$660

Average homeowners insurance rates in Virginia by coverage level

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . In Virginia, maintaining $100K dwelling coverage costs an average of $501 per year, while carrying dwelling coverage up to $400K costs $1,377/year.


HOMEOWNERS INSURANCE RATES IN VIRGINIA — COMMON COVERAGE AMOUNTS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$501
$200,000 Dwelling$792
$250,000 Dwelling$915
$400,000 Dwelling$1,377

Homeowners insurance deductibles in Virginia

Homeowners have numerous choices to make when purchasing a policy, including the amount of their deductible. A homeowners deductible is the amount you are responsible for paying toward a covered loss. The deductible level you choose can major impact on your homeowners insurance rates.

In general, choosing a lower deductible means that your insurance premiums will be higher. This means that those seeking lower home insurance costs will want to think about getting a higher homeowners deductible. Remember: your homeowners deductible should not be so high that you would struggle to pay it in the event of a loss.

Below are some popular deductible options offered on most home policies along with corresponding average insurance costs.


HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN VIRGINIA
Deductible AmountAverage Annual Homeowners Insurance Rate
$500$1,006
$1,000$915
$1,500$861
$2,000$802
$5,000$677

Homeowners and auto insurance bundles in Virginia

If you want to save on homeowners insurance, consider purchasing both your car and home insurance policies from one company. A home and auto insurance bundle in Virginia can lead to substantial savings on auto insurance. Bundling policies in Virginia leads to yearly savings of $57.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN VIRGINIA
Avg. Annual Auto Insurance Rate (No Bundle)Avg. Yearly Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$889$832$577%

Bundling home and auto policies is a great way to save. Get started today!


Looking for information on home insurance in a particular city? Check out our breakdown of large Virginia cities:

  1. Chesapeake
  2. Norfolk
  3. Richmond
  4. Virginia Beach

Virginia homeowners insurance FAQs


Does Esurance offer homeowners insurance in Virginia?

Yes - Esurance does provide homeowners insurance in Virginia.

Does GEICO offer homeowners insurance in Virginia?

Yes - GEICO provides homeowners insurance in Washington D.C.


Homeowners insurance and hurricanes in Virginia

Because hurricanes can cause such calamitous damage and completely ravage buildings altogether, insurers are reluctant to take on the full risk of hurricanes as a whole. If you live in Virginia, you could face increased risk of experiencing hurricane damage. In fact, 26, 960 single-family homes are at extreme risk of hurricane damage in Virginia.*

If you live near the coast, it's crucial to check and understand your homeowners insurance policy because usually a basic home policy won't be sufficient to cover hurricane damage — you would need separate flood and windstorm insurance policies, both of which would be applicable to pay for repairs or replacements. Depending on your location, your insurer may require a separate hurricane deductible if you live in a region that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

HURRICANE DEDUCTIBLE RATES IN VIRGINIA
CompanyAverage Annual Rate w/ Hurricane Deductible
Virginia Farm Bureau$621
Erie$802
State Farm$819
Nationwide$844
Allstate$847

Floods and home insurance in Virginia

Flood damage — no matter the circumstances under which it occurs —is not covered by standard home insurance. To ensure your home is covered, buy insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurance company.

Flood insurance coverage from private companies may vary, but if you buy through the NFIP you receive:

  • $250,000 coverage for your home's structure
  • $100,000 coverage for your personal property

If the value of your property and home exceed these limits, consider purchasing a policy from a private company for additional protection. Flood insurance is key in Virginia, which suffered $4, 361, 841 in 2016 flood insurance claims, according to data from FEMA.


Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.